Midas | 746 S Rochester Rd
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Midas 746 S Rochester Rd
3,000 SF Retail Building Rochester, MI 48307 For Sale
Executive Summary
Absolute NNN Lease | Zero Landlord Responsibilities
Sale Lease Back - Tenant has Committed to a Long Term 10 Year Lease | Lease will Commence at Close of Escrow
Seasoned Operator With 14 Units
10% Rental Increases Every 5 Years in Initial Term and in Option Periods | Hedge Against Inflation
Tenant has Operated as an Auto-Service Tire Shop at the Subject Location for Over 50 Years
Excellent Visibility From Rochester Road | Large Pylon Sign Increases Visibility
Easily Accessible From Rochester Road which has Traffic Counts of Over 41,200 Vehicles Per Day
Positioned Along a Busy Retail Corridor and Surrounded by Many National Retailers
Located in Oakland County, Among the 10 Highest Income Counties in the U.S.with Populations Over 1 Million People
Population Within a 5-Mile Radius of the Subject Property Exceeds 167,100
Average Household Income Within a 5-Mile Radius of the Subject Property Exceeds $119,660
Surrounded by National Retailers Such as: The Home Depot, Lowes, Dollar Tree, Walgreens, Speedway, Sherwin Williams, Starbucks, Meijer, Verizon, Party City, CVS, Target, Panera Bread & Many More.
Sale Lease Back - Tenant has Committed to a Long Term 10 Year Lease | Lease will Commence at Close of Escrow
Seasoned Operator With 14 Units
10% Rental Increases Every 5 Years in Initial Term and in Option Periods | Hedge Against Inflation
Tenant has Operated as an Auto-Service Tire Shop at the Subject Location for Over 50 Years
Excellent Visibility From Rochester Road | Large Pylon Sign Increases Visibility
Easily Accessible From Rochester Road which has Traffic Counts of Over 41,200 Vehicles Per Day
Positioned Along a Busy Retail Corridor and Surrounded by Many National Retailers
Located in Oakland County, Among the 10 Highest Income Counties in the U.S.with Populations Over 1 Million People
Population Within a 5-Mile Radius of the Subject Property Exceeds 167,100
Average Household Income Within a 5-Mile Radius of the Subject Property Exceeds $119,660
Surrounded by National Retailers Such as: The Home Depot, Lowes, Dollar Tree, Walgreens, Speedway, Sherwin Williams, Starbucks, Meijer, Verizon, Party City, CVS, Target, Panera Bread & Many More.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
3,000 SF
Building Class
C
Year Built
1978
NOI
$114,747
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.52 AC
Zoning
BI - Commercial Zoned Property
Parking
20 Spaces (6.67 Spaces per 1,000 SF Leased)
Frontage
250 FT on S Rochester Rd
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 15-15-476-031 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $166,790 |
PROPERTY TAXES
Parcel Number
15-15-476-031
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$166,790
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Midas | 746 S Rochester Rd
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